Sector Update: Tech Stocks Steady to Lower Premarket Thursday

MT Newswires Live
2024-10-03

Technology stocks were steady to lower premarket Thursday as the SPDR S&P Semiconductor ETF (XSD) was inactive and the Technology Select Sector SPDR Fund (XLK) was down a slight 0.3% recently.

Nano Dimension (NNDM) shares were up more than 1% after the company and Desktop Metal (DM) said Desktop Metal's stockholders have approved the merger agreement between the companies.

Canadian Solar's (CSIQ) Recurrent Energy subsidiary said BlackRock has completed its $500 million investment in Recurrent, with the receipt of the second and final payment. Canadian Solar shares were down more than 1% pre-bell.

Jabil (JBL) said it has completed the acquisition of Mikros Technologies on Oct. 1. Jabil shares were nearly 1% lower premarket.

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